The purchase price will be paid predominantly in cash, the companies say, with a portion delivered in the form of ‘rollover equity awards’ in exchange for unvested Humio equity.
According to Crunchbase, Humio only raised a little over $30 million in funding to date.
Publicly-listed CrowdStrike specialises in cloud-based endpoint and cloud workload protection, and acquired Humio primarily to bolster its offering with cloud log management and observability technology.
From the press release:
Together, Humio and CrowdStrike deliver an enterprise-grade solution that finally addresses the challenge of operationalizing massive and ever-growing volumes of event and log data, empowering organizations to collect, observe, analyze and act on all structured and unstructured data in their environment.
“We are thrilled to join CrowdStrike, the company that is leading the security industry with its cloud-native data platform, designed to support customers in establishing more mature and reliable security programs. CrowdStrike’s Security Cloud is the ideal platform to extend Humio’s technology and reach, while continuing our mission to empower customers to make data-rich decisions,” said Geeta Schmidt, CEO of Humio.
Schmidt co-founded the company in Aarhus, Denmark back in 2016, but it is currently headquartered in London with more offices in places like Seattle and San Francisco.